Brexit is two years away but the exodus of finance jobs is starting to take shape. The question is how many will leave, and where will they go?
Deutsche Bank today said some 4,000 jobs could be at risk when Britain leaves the European Union, with a likely outcome the loss of rights to sell products freely across the region.
TheCityUK lobby group forecasts that as many 70,000 financial services jobs are at risk, though estimates vary widely. The implications for the U.K. are substantial: finance and related professional services bring in some £190 billion ($240 billion) a year, representing 12 percent of the British economy.
We’re tracking jobs that the banks say they plan to move, with updates to follow.